Auto Industry Puts Hands Out For Gov’t Money | Breaking News USA

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Auto Industry Puts Hands Out For Gov’t Money

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on December 3, 2008

in Auto and Economy

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“General Motors, an icon of American manufacturing and the world’s largest automaker, yesterday threw itself at the mercy of Congress, saying it needed $4 billion to avert a cash crisis by the end of the month and as much as $18 billion in federal loans over the next year. GM and its U.S. rivals Chrysler and Ford all pleaded for government loans” [Link]

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